House price growth slows in August

1st September 2017

House price growth slowed to 2.1% year-on-year in August, from 2.9% in July, amid fears Brexit-fuelled inflation is placing pressure on household spending, data from Nationwide reveals. Property values fell for the first time since May, down 0.1% month-on-month to an average of £210,495, compared to growth of 0.2% in July when the typical price hit £211,671. The number of mortgages approved for house purchases fell to a nine-month low of £65,000 in June. However, property prices are still predicted to rise by 2% in 2017.

The Daily Telegraph (29/08/2017)